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DEEP DIVE: Is Decentralized Cloud Storage the Next Big Web3 Industry | #153

The Milk Road Show

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How Does IPFS Work?

IPFS uses content addressing to identify and find content rather than looking where it's located. Filecoin is a peer-to-peer network built on top of IPFS that incentivizes users to rent out unused storage space by rewarding them with the FIL token. There's so much to these de-storage or decentralized storage protocols that each one deserves a detailed blog post.

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